The '''Latin American Free Trade Agreement''' (LAFTA) passed in 1961 to promote [[free trade]] in [[Latin America]]. It was replaced in 1981 by the [[Latin American Integration Association]]. It helps Latin American countries develop [[economic]] [[independence]] from [[foreign]] powers. | The '''Latin American Free Trade Agreement''' (LAFTA) passed in 1961 to promote [[free trade]] in [[Latin America]]. It was replaced in 1981 by the [[Latin American Integration Association]]. It helps Latin American countries develop [[economic]] [[independence]] from [[foreign]] powers. |